We are accustomed to describing a solution in terms of the concentration of the one or more solutes. However,manyoftheimportantphysicalpropertiesofasolutiondependmoredirectly
Endowment plan is a combination of insurance and investment. In term plan which is a pure insurance there is no maturity benefit. It means if a person dies during the term of policy then only his beneficiaries will get some money otherwise at maturity, at the end of the term there is no benefit.
Management of an endowment is a discipline unto itself. An outline of considerations made by a management team include; setting objectives, developing a payout policy, building an asset allocation policy, selecting managers, managing risks systematically, cutting costs, and defining responsibilities.